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Firm Closes Senior Secured and Subordinated Term Loan Facilities for Eco-Friendly Polymer Provider

The Corporate Group represented a privately-owned performance polymer company specializing in renewable, environmentally friendly bio-plastic material replacements for traditional petroleum-based plastics offered to global consumer product companies in connection with a $30.0 million senior secured term loan facility and a $10.0 million subordinated term loan facility. The senior facility is secured by a first lien and the subordinated facility is secured by a second lien on all assets. Kane Kessler attorneys involved in the transaction were Robert Lawrence, Aris Haigian, Peter Herman, Joseph Ventimiglia, Matthew Gases, and James Gaskill.